Factoring Personified: A Face-to-Face Look at Invoice Purchasing

October 25, 2016

Factoring. It’s when a business sells its invoices to a third party for immediate cash. It’s not a loan. It’s an easy, flexible cash flow solution. Factoring helps companies acquire same-day cash to fund business operations.

It’s simple, really. But to help simplify it even more, we want you to imagine factoring as a person.

Meet Joe Factoring.

Notice his gym shorts and t-shirt? He’s an athlete — a track star, more specifically. And his specialty? The 100-meter dash. That’s because factoring is incredibly fast. Like Usain Bolt, Sonic the Hedgehog, Speedy Gonzalez and a pack of cheetahs all rolled into one. With factoring, you can initiate a transaction and get cash the same day. That means more capital to expand marketing efforts, pay employees, take care of vendors and grow your business. Arriba!

Notice anything about those gym shorts and t-shirt? You’re right — he did buy them from a thrift store! They were on sale, too. Joe Factoring is always looking for great deals, because he’s extremely frugal. Translation: factoring is inexpensive. Factoring invoices costs your business less than the typical credit card transaction. Plus, you get personal attention to help you achieve your business goals. Ca-ching!

One last thing about our buddy Joe Factoring… he’s single. No wife. No girlfriend. He’s not even dipping a toe into the dating pool. That’s because there are no long-term commitments with factoring. No loan committees, site visits or lengthy due diligence. No contract whatsoever. You can factor as much or as little as you want. Try it once, or make it a habit. It’s totally up to you!